Real GDP growth of 2.8% recorded at midyear – Finance Minister
Saturday September 1, 2012 – Demerara Waves
Finance Minister, announced that Guyana’s economy recorded a 2.8% growth in real Gross Domestic Product (GDP) up to mid year.
Minister Singh at a press conference on the Mid Year financial report for 2012 stated that the comprehensive assessment of the country’s economy over the course of the first half of the year demonstrated that the trend of positive real economic growth continued.
“This growth reflects continued progress on the diversification of the productive sector where we have now arrived at a point where we are no longer as we were 10 years ago, entirely dependent on one, two or three dominant sectors,” Minister Singh was quoted as saying by the Government Information Agency (GINA).
He added that significant strides have been in diversifying the economy, and these realised the 2.8% growth, despite the fact that a key production sector of sugar contracted.
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